Retail Opportunity Investments (NASDAQ:ROIC) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research report issued on Wednesday. The firm set a “hold” rating on the real estate investment trust’s stock.

Retail Opportunity Investments Trading Up 0.1 %

NASDAQ:ROIC opened at $17.51 on Wednesday. The firm has a 50-day simple moving average of $17.49 and a 200-day simple moving average of $16.91. Retail Opportunity Investments has a one year low of $11.87 and a one year high of $17.52. The firm has a market cap of $2.26 billion, a P/E ratio of 38.07 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92.

Institutional Investors Weigh In On Retail Opportunity Investments

Several institutional investors have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. acquired a new position in shares of Retail Opportunity Investments during the fourth quarter valued at about $40,000. Versant Capital Management Inc grew its position in Retail Opportunity Investments by 117.8% during the 4th quarter. Versant Capital Management Inc now owns 3,572 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 1,932 shares during the last quarter. Sterling Capital Management LLC increased its stake in Retail Opportunity Investments by 802.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,906 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 3,473 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Retail Opportunity Investments by 188.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,270 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 3,440 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Retail Opportunity Investments by 51.7% in the fourth quarter. KBC Group NV now owns 6,026 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 2,053 shares during the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

Retail Opportunity Investments Company Profile

Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.